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Retail sales up strongly in December as Americans continue to spend

Por: Portland Press Herald World January 17, 2024

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NEW YORK — Americans stepped up their spending at retailers in December, closing out the holiday shopping season and the year on an upbeat tone and signaling that people remain confident enough to keep spending freely. Retail sales accelerated 0.6% in December from November’s 0.3% increase, the Commerce Department reported Wednesday. Because spending by consumers accounts for nearly 70% of the U.S. economy, the report suggested that shoppers... + full article



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